Pengana Private Equity Trust

Pengana Capital Group Limited has listed the Pengana Private Equity Trust (ASX code: PE1). The trust invetss in private equity, with a complementary allocation to private credit and opportunistic investments.

Pengana hopes the trust will provide retail investors access to an asset class with proven results that has traditionally been difficult for them to access, mostly due to liquidity constraints.

Pengana has partnered with Global Chicago-based alternative asset manager, Grosvenor Capital Management (GCM), which will be responsible for selecting the investments for the Trust and constructing the portfolio.

"The Pengana Private Equity Trust is a game changer for retail investors, who will now be able to obtain exposure to global private equity investments. Through our partnership with GCM, Australian investors will for the very first time have easy access to this exciting asset class through a large ASX listed vehicle," Russel Pillemer, chief executive officer of PCG said.

The trust listed on the ASX on 30 April 2019.